Card Fraud Facts and Figures
- In 2006, total card fraud losses fell by 3% to £428 million, a decrease of nearly £80 million over the past 2 years.
- The success of chip & PIN has meant that face-to-face fraud has continued to drop, falling a further 47% on 2005.
- Mail-non-receipt fraud also fell, dropping 62%, and lost and stolen card fraud showed and overall decrease on 2005 of 23%.
- In 2006, counterfeit card fraud increased by just 3% to £99.6 million, showing a further fall in growth rate from 2005.
- The main area of card fraud to rise in 2006 was card-not-present (CNP) fraud. This increased by 16% compared with 2005, and, although it is increasing at reducing rates, at £212.6 million, it now accounts for half of all losses.
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More information on card fraud and how to protect yourself.
